“Put Obasanjo’s image on redesigned Naira note” – Atiku

…Says it’ll inspire future generations The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has stated that the image of his former boss and ex-president, Olusegun Obasanjo ought to be on the proposed redesigned Naira currency notes, to inspire the country’s future generation. Atiku stated this yesterday, while celebrating the effort of the former president on bringing an end to the Ethiopia-Tigray conflict. In a string of tweets yesterday, he also saluted the 85-year-old elder statesman and African Union’s mediator for leading peace talks between the Ethiopian Government…

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“Emefiele won’t remove Arabic inscriptions from new Naira notes”, Sanusi Lamido tells Islamic scholars

The 14th Emir of Kano and former governor of the Central Bank of Nigeria (CBN), Muhammadu Sunusi II, has said the Arabic inscriptions, known as ‘Ajami’, will not be removed from the redesigned naira notes. Sanusi also said the N5, 000 currency note proposed during his time at the apex bank is still under consideration. Sanusi who spoke on Monday, said the current CBN governor Godwin Emefiele, had confirmed to him that the inscriptions, which is an Arabic derivative of Hausa, will remain on the redesigned currency Recall that the…

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SPECIAL REPORT: CBN’s Naira Redesign: Scrutinising the raging debates

Aminu Imam The Central Bank of Nigeria (CBN) last month announced out-of-the-blue that it will redesign, produce, and circulate new series of banknotes at N100, N200, N500, and N1, 000 levels. According to the CBN governor, Godwin Emefiele, the management of the apex bank sought and obtained the approval of President Muhammadu Buhari for the initiative. He said the new and existing currencies shall remain legal tender and circulate together until January 31, 2023, when the existing currencies shall cease to be legal tender. Emefiele noted that significant hoarding of…

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Naira redesign: ‘CBN Governor has my backing’ — Buhari 

President Muhammadu Buhari has thrown his weight behind the decision of the Central Bank of Nigeria (CBN), to redesign and re-issue new Naira notes. Recall that the CBN Governor, Godwin Emefiele, had on Wednesday, said that the apex bank would redesign the N200, N500 and N1000 notes. He had said the action was taken in order to take control of the currency in circulation, as well as security concerns. Recall further that the Minister of Finance, Budget and National Planning, Zainab Ahmed, had last week told the Senate Committee on…

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Naira Notes Redesign: “Bandits may now start demanding for dollars”, Sheikh Gumi raises alarm

…As Naira crashes to ₦800 in parallel market Islamic cleric, Sheikh Ahmad Gumi, has slammed the Central Bank of Nigeria (CBN) for moving to re-design the Naira at this time. Recall that the CBN governor, Godwin Emefiele, announced on Wednesday that new naira notes would be issued by December 15, stating that the move, which has since been approved by President Buhari and other stakeholders, was certain to strengthen the value of the naira. However, according to the cleric, in an issued statement, titled: “Changing the Naira: This is no…

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